Rupee recovers from record low, rises 21 paise to 86.49 against US dollar in early trade
1 day, 1 hour ago

Rupee recovers from record low, rises 21 paise to 86.49 against US dollar in early trade

New Indian Express  

MUMBAI: The rupee rebounded from its lowest-ever level and appreciated 21 paise to 86.49 against the US dollar in early trade on Tuesday on the back of retreating American currency and easing crude oil prices. According to forex traders, the Indian currency found support from positive inflation numbers and some recovery in domestic equity markets even though the outflow of foreign funds continued to play a negative role. At the interbank foreign exchange, the rupee opened at 86.57 and pared further losses to trade at 86.49 against the greenback in initial deals, 21 paise higher from its previous close. On Monday, the rupee logged its steepest single-day fall in nearly two years and ended the session 66 paise down at its historic low of 86.70 against the US dollar.

History of this topic

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3 weeks ago
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3 weeks ago
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3 weeks, 4 days ago
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3 weeks, 5 days ago
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3 weeks, 6 days ago
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